EnQuest PLC will manage physical decommissioning of Thistle and Deveron oil fields in the UK North Sea using as much as $50 million from BP, which holds 1% interests in the fields.
EnQuest, which holds the remaining interests, received an option for BP funding of the projects when it acquired a 25% interest in Magnus oil field from the larger company last year (OGJ Online, Jan. 24, 2017).
Production from Thistle, discovered in 1973, began from the Thistle Alpha platform in 1978. Deveron, a 1972 discovery, started producing in 1984 through deviated wells drilled from the Thistle platform.